As one of the most experienced nonprofit affordable housing developers in the country, Hope Housing Foundation (HOPE) has the ability to handle every aspect of affordable real estate development including project financing, community outreach and planning, construction management, property management and asset management. We are one of only a few national organizations that provide affordable housing for all low- and moderate-income populations. We serve families, seniors, and people with special needs within the full spectrum of affordable housing, including supportive housing for the formerly homeless, transitional housing, permanent rental, and affordable homeownership opportunities. HOPE partners nationally and regionally with public, private and government partners to combine the best affordable housing development practices to build or reposition our communities.
HOPE is also addressing the critical gap in the supply of affordable housing through affordable housing preservation. Thousands of multifamily rental properties are at risk of being lost from the pool of available affordable housing because of expiring public funding. By buying, refinancing and upgrading those facilities, Hope Housing can supply more affordable housing opportunities for the long term without engaging in a great deal of new construction.
HOPE has also worked with other Non-Profit entities to become a replacement General Partner in Tax Credit developments where the current General Partner has funding issues, operating deficits, and the property has or is experiencing accumulated amounts of deferred maintenance. These particular transactions provide the Limited Partners with comfort that a stable, experienced, and capable General Partner will work diligently to minimize any potential recapture of Credits.
Eban Village Before and After Renovation